GPFI 2017 Work Plan

Gpfi 2017 Work Plan-Free PDF

  • Date:19 Jun 2020
  • Views:14
  • Downloads:0
  • Pages:18
  • Size:539.17 KB

Share Pdf : Gpfi 2017 Work Plan

Download and Preview : Gpfi 2017 Work Plan


Report CopyRight/DMCA Form For : Gpfi 2017 Work Plan


Transcription:

I Overview, The Global Partnership for Financial Inclusion GPFI through its four Subgroups conducts its work with. respect to the G20 Financial Inclusion Action Plan FIAP and on the occasion of the Leaders request. The 2014 G20 FIAP provides a strategic framework for the GPFI to progress G20 work on financial. inclusion up to the year 2018 In this transition year between the 2014 G20 FIAP and the revised G20. FIAP to be endorsed in May 2017 this 2017 Work Plan is framed in relation to the 2014 G20 FIAP this. approach provides the basis for launching the work of the GPFI to be accomplished this year course. corrections will be made to take into consideration the final version of the 2017 G20 FIAP. This document presents the key outcomes for the GPFI during 2017 The GPFI currently organizes its. work through four subgroups Regulation and Standard Setting Bodies SSBs Small and Medium. Enterprises SME Finance Financial Consumer Protection and Financial Literacy and Markets and. Payment Systems, Table 1 summarizes the current structure of the GPFI and members of each Subgroup. Table 1 GPFI Structure 2017,GPFI Co Chairs China Germany Argentina. Subgroup Regulation and SME Finance Financial Markets and. SSBs Consumer Payment Systems,Protection and,Financial Literacy. Subgroup India Germany China Australia,Co Chairs Indonesia Turkey Russia Mexico.
Participating G20 Argentina Argentina Brazil Argentina Argentina Brazil. countries Australia China Canada France Australia Brazil Canada EU. France Germany Indonesia Italy France Germany France Germany. Italy Mexico USA Italy Mexico Indonesia Italy,Russia Turkey Japan South. South Korea,USA Korea Turkey UK, Participating non Kenya Peru Netherlands Netherlands. G20 countries Philippines Switzerland Switzerland, Implementing Consultative Group AFI IFAD OECD AFI OECD WBG AFI BTCA CGAP. partners to Assist the Poor SME Finance IFC CGAP International Fund. CGAP Alliance for Forum WBG IFC for Agricultural,Financial Inclusion Development. AFI Better Than IFAD WBG IFC,Cash Alliance,BTCA WBG IFC.
Affiliated Access to Women s World CYFI FinCoNet,partners Insurance Banking WWB MIN. Initiative Global Banking,Alliance for,Child and Youth. International,Microinsurance,Network MIN, In 2017 the GPFI leadership established two temporary steering committees to 1 work on Financial. Inclusion of Forcibly Displaced Persons 1 and 2 to update GPFI processes and key documents2. The GPFI benefits from the support of Her Majesty Queen M xima of the Netherlands the UN. Secretary General s Special Advocate for Inclusive Finance for Development UNSGSA and Honorary. Patron of the GPFI,II Priorities for 2017, Guided by the three pillars of the German G20 Presidency building resilience improving. sustainability and assuming responsibility the GPFI will work in 2017 towards further strengthening. the functioning of the GPFI and will pursue the implementation of the 2014 G20 FIAP and subsequent. 2017 revised G20 FIAP 3 This year the GPFI will put particular focus on. a Review and Update of the G20 Financial Inclusion Action Plan See III 1. b Implementation of the G20 High Level Principles for Digital Financial Inclusion See III 4. c Implementation of the G20 Action Plan on SME Financing See IV 2 a. d Increased focus underpinned by policy work on the financial inclusion of vulnerable groups. forcibly displaced persons See III 3, These four priorities plus action areas cross cutting issues and overarching objectives outlined in the.
2014 G20 FIAP and subsequently in the 2017 G20 FIAP will guide the work of the GPFI in 2017 There. will be a special attention paid to the financial inclusion of women youth poor people and people. living in remote rural areas, The GPFI Troika drives this ambitious agenda Each G20 member country non G20 member country. and each Subgroup has an important role to play in shaping and delivering the overarching GPFI. deliverables and objectives The 2017 G20 FIAP will incorporate a results framework to assess progress. of actions Overarching topics such as the update of the G20 FIAP the review and update of GPFI. processes the issues of Financial Inclusion of Forcibly Displaced Persons as well as digitization are. covered in the 2017 work plan In addition to this each GPFI Subgroup has a stream of ongoing work. and priorities that it will progress throughout 2017 and that ensures continuity of GPFI s work These. agendas are set out below see section IV, Members Germany Chair EU Netherlands Turkey UK and US AFI BMGF CGAP OECD and the World. Bank Group, Members Germany Chair Argentina Australia Canada US BTCA CGAP IFC. 3 Global Partnership for Financial Inclusion GPFI German 2017 Priorities Paper. III GPFI priority activities in 2017, 1 Update of the G20 Financial Inclusion Action Plan. The G20 Financial Inclusion Action Plan FIAP was first endorsed at the G20 Summit in Seoul in 2010. and was then revised in 2014 In order to reflect current G20 commitments and priorities the 2017. review and update of the G20 FIAP was announced in the 2014 G20 FIAP and reaffirmed by the leaders. in the 2016 Hangzhou Action Plan The 2017 G20 FIAP will enable appropriate attention to be given to. the global challenges and opportunities of the present time This includes aligning the FIAP with new. global agendas such as 2030 Agenda and Addis Ababa Action Agenda as well as with the digital. dimension of financial inclusion New action areas cross cutting issues and vulnerable groups as well. as an accountability framework will be adequately reflected in the 2017 G20 FIAP A stocktaking and. assessment of GPFI activities based on the 2014 G20 FIAP G20 FIAP Progress Report 2014 2017 will. be conducted in the first half of 2017 the revised G20 FIAP is expected to be endorsed at the 4 May. 2017 GPFI Plenary In the second half of 2017 downstream from the endorsement of the 2017 G20. FIAP the Subgroup Terms of Reference will be updated4 Work on the 2014 2017 stocktaking report. the G20 FIAP update and the update of the Subgroup Terms of Reference is conducted by the German. Presidency in close cooperation with the GPFI member countries and Implementing Partners. Key Outputs,a G20 FIAP Progress Report 2014 2017,b 2017 G20 Financial Inclusion Action Plan.
c Subgroup Terms of Reference,2 Update of GPFI processes and key documents. In addition to the update of the G20 FIAP GPFI processes will be reviewed in 2017 A principal activity. is the revision of the 2014 GPFI Terms of Reference This process will address issues including. membership categories the organization of work roles and responsibilities of the GPFI and. clarification on Subgroup processes defined in the GPFI Terms of Reference. Key Outputs,a Updated GPFI Terms of Reference, b Clarification of related organizational issues including guidance notes for GPFI Troika. 3 Activities on Financial Inclusion of Forcibly Displaced Persons. In order to address the challenges with regard to access to adequate financial services for Forcibly. Displaced Persons FDPs in their host countries and communities GPFI members agreed on. establishing a temporary steering committee TSC on financial inclusion of FDPs led by the German. G20 Presidency, The TSC will guide the preparation of a G20 Policy Paper on Financial Inclusion of FDPs which aims to. provide policy makers and other relevant stakeholders with information on common regulatory. challenges other beneficial or problematic framework conditions as well as promising solutions to. facilitate the financial inclusion of FDPs The TSC will further support the preparation of an AFI Special. Report on current national regulatory approaches for the financial inclusion of FDPs case studies and. will guide the organization of the GPFI AFI High Level Forum on the Financial Inclusion of Forcibly. The Subgroup Terms of Reference address the content of the work of the Subgroups and are therefore. related to and subsidiary to the G20 FIAP rather than to the GPFI Terms of Reference as it would first. Displaced Persons on 26 April 2016 in Berlin Germany The Forum provides the opportunity to. disseminate the results of both reports and to discuss draft policy recommendations and proposed. G20 actions All documents should be available for discussion at the High Level Forum and in time for. submission to the GPFI Plenary The TSC will further support the organization of a related thematic. conference and or side event at a relevant international conference to take the recommendations. forward stimulate further debate and support their translation into action. Key Outputs, a G20 Policy Paper on Financial Inclusion of Forcibly Displaced Persons. b AFI Special Report country cases, c GPFI AFI High Level Forum on Financial Inclusion of Forcibly Displaced Persons 26 April 2017.
d Thematic conference or side event second half of 2017. 4 Activities on the Implementation of the G20 High Level Principles for Digital. Financial Inclusion, The G20 High Level Principles HLP for Digital Financial Inclusion were endorsed by the G20 Leaders. under the Chinese Presidency in 2016 to accelerate the process of digital financial inclusion and to. balance the risks and opportunities of digital financial inclusion The German G20 Presidency will take. the first steps to implement the HLPs and to pave the way for future G20 measures in the field of digital. financial inclusion In 2017 the GPFI will take stock of emerging practices to accelerate the uptake of. digital technologies to expand financial inclusion This includes the preparation of a G20 Report on. Emerging Approaches to Digital Financial Inclusion The report will focus primarily on regulatory and. policy approaches to develop an enabling legal and regulatory environment and expand the. infrastructure ecosystem for digital financial services i e the initial core 4 HLP Further the 2017. Responsible Finance Forum RFF will address opportunities and risks in digital financial services with. a focus on consumer protection and data privacy, These activities outline the overall coverage of digitization and the implementation of the HLP within. the GPFI At the 1st GPFI Meeting under the German G20 Presidency in January 2017 GPFI members. agreed to address digitization as overall cross cutting issue within GPFI activities including in the four. Subgroups Thus the four Subgroups will take forward the work on the implementation of the HLPs. more specifically and in detail in their 2017 work plans see activities and outcomes in section IV. Key Outputs, a G20 Report on Emerging Approaches to Digital Financial Inclusion exp April 2017. b Responsible Finance Forum VIII Opportunities and Risks in Digital Financial Services. Protecting Consumer Data and Privacy 27 28 April Berlin. IV Subgroup specific work plans for 2017, The work of the four GPFI Subgroups is organized around the objectives activities incorporated in the. Subgroup s Terms of Reference 2014 which take into consideration the action areas outlined in the. 2014 G20 FIAP and will be adjusted pragmatically during this transition year from the 2014 G20 FIAP. to the 2017 G20 FIAP The Subgroups will strengthen the collaboration with other G20 work streams. to support the overall effort to avoid duplication and to enhance efficiency and effectiveness All. Subgroups will support the review and update of the 2017 G20 FIAP by refining its Subgroup specific. action areas and indicators,1 Regulation and Standard Setting Bodies Subgroup.
The planned activities of the GPFI Regulation and Standard Setting Bodies Subgroup build on the. recommendations from Part VI of the GPFI White Paper Global Standard Setting Bodies and Financial. Inclusion The Evolving Landscape released in March 2016. In 2017 the Regulation and Standard Setting Bodies Subgroup will work on the implementation of the. following priorities, a Mainstream financial inclusion in the work of the standard setting bodies and other relevant. global bodies and increase understanding of the interdependence of financial inclusion. stability integrity and consumer protection 2014 G20 FIAP action area 4. Reinforcement of focus on financial inclusion and coordination among the SSBs. To contribute to a better understanding of SSBs activities relevant to financial. inclusion and to identify opportunities for joint work a rigorous tracking of SSBs. activities in relation to financial inclusion notably but not exclusively in the area of. FinTech and RegTech will be formalized, The process of regular consultations with the SSBs will be maintained focusing on. opportunities for joint work in relation to financial inclusion objectives and. Opportunities for the enhancement of the role of FSI as a co convener on financial. inclusion related activities will be identified and pursued. Encouragement of joint activities on themes of relevance to multiple SSBs Examples of. possible themes include, Privacy and data protection including new challenges posed by digital delivery and. new technology based approaches to mitigating risks. Financial exclusion risks consequences of de risking and potential alternatives to. conventional cross border transfers especially FinTech and RegTech solutions. contribution to the GPFI Financial Stability Board FSB and joint work and. meeting s on remittance services and access to correspondent banking services. a G20 Policy Paper on Financial Inclusion of Forcibly Displaced Persons b AFI Special Report country cases c GPFI AFI High Level Forum on Financial Inclusion of Forcibly Displaced Persons 26 April 2017 in Berlin d Thematic conference or side event second half of 2017 4 Activities on the Implementation of the G20 High Level Principles

Related Books